EIA data is garbage

[Klaus]

This is beginning to look like Russian data on cabbage production

https://www.reuters.com/markets/commodities/us-eias-crude-accounting-issue-hasnt-gone-away-despite-changes-2023-12-14/

 

[MG0h3]

I’d expect the admin to be asking them to lie on the upside to keep prices down.


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[Klaus]

I’d expect the admin to be asking them to lie on the upside to keep prices down.


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EIA reported production hitting records while rigs are getting cut. Its a xmas miracle.